Fraudsters seek new ways to exploit private information. Cybercrime and fraud prevention is an evolving field based on varied tactics used by fraudsters. In order to be prepared to mitigate fraud risks, you must understand the current fraud trends.

The initial segment of this series focused on fraud trends that have been identified for 2023 and beyond. Broadly, these trends include:

  • Automation
  • Account Takeover
  • Adoption of new digital payment methods
  • Balancing fraud and consumer friction
  • Rise of synthetic identities
  • Escalating cost of fraud
  • Targeted attacks
  • Strong need for real-time assessment
  • Need for multi-layered fraud assessment
  • Account security

In the initial segment we evaluated areas of automation and machine learning fraud. This session focuses on account takeover fraud and its various causes. Account takeover is a type of identity theft that occurs when a fraudster gains access to an individual’s or company’s computer accounts, email accounts, and other personal information. In a typical attack, hackers use phishing and malware methods to acquire legitimate user credentials or buy them from the dark web. They then use stolen credentials for account takeover.

Automated takeover attacks are carried out using stolen credentials, and organizations are particularly vulnerable to these attacks. A takeover can lead to a variety of crimes and direct financial losses, including:

  • Bank account takeovers (Current accounts, credit cards)
  • Money laundering
  • Stealing loyalty or reward points
  • Reselling subscription information

Course Series

This course is included in the following series:

7 CoursesFraud Trends for the Future

  1. Fraud Trends for the Future - Examining Automation and Machine Learning
  2. Fraud Trends for the Future - Examining Account Takeover Fraud
  3. Fraud Trends for the Future - Digital Payments Fraud
  4. Fraud Trends for the Future - Mitigation Methods for Synthetic Identities
  5. Fraud Trends for the Future - Understanding Synthetic Identities
  6. Fraud Trends for the Future - Need for Real-time Risk Assessment - Part one
  7. Fraud Trends for The Future - Targeted Attacks
Learning Objectives
  • Explore and examine Fraud trends for 2023 and beyond.
  • Discover and defining account takeover fraud trends.
  • Explore and examine how account takeover occurs.
  • Identify and evaluate detection strategies for account takeover.
  • Discover and evaluation prevention strategies for account takeover.
  • Explore and examine statistics of account takeover fraud trends in 2023 and beyond.
Last updated/reviewed: August 5, 2023
3 Reviews (14 ratings)


Anonymous Author
I think one of the quiz questions is off, the one about credential stuffing in particular. Maybe I misunderstood. Interesting course overall!

Anonymous Author
Very informative, some of the ATO concepts which I wasn't aware were covered in this course.

Anonymous Author
The statistics and graphical representations presented were clear and interesting

Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Introduction to Fraud Trends for the Future - Examining Account Takeover Fraud4:24
  Fraud Trends in 2023 and Beyond7:46
  Account Takeover16:56
  How Account Takeover Happens18:36
  Account Takeover Detection Methods19:42
  Statistics Per Cybersource.com4:52
  Account Takeover Prevention Software3:14
  Fraud Trends for the Future - Examining Account Takeover Fraud1:17:14
  Slides: Fraud Trends for the Future - Examining Account Takeover FraudPDF
  Fraud Trends for the Future - Examining Account Takeover Fraud Glossary/IndexPDF